Regional Underwriter

Midwest Employers Casualty Company
Chesterfield, MO Full Time
POSTED ON 1/12/2024 CLOSED ON 4/3/2024

Job Posting for Regional Underwriter at Midwest Employers Casualty Company

The Regional Underwriter, ISI, is responsible for the appropriate management and underwriting of an assigned book of business. This includes executing objectives related to production and profitability goals; appropriate account underwriting; effective negotiations with brokers; and assistance with account service installation via MEC’s value proposition.

Key functions include but are not limited to:

Financial

  • Meet or exceed renewal account retention, premium and loss ratio goals.
  • Meet or exceed new business premium and loss ratio goals.
  • Coordinate with Sales regarding new business target accounts.

Underwriting Discipline

  • Adhere to department policies, guidelines and authority levels.
  • Demonstrate excellent knowledge of MEC’s policy and endorsements.
  • Demonstrate thorough analysis of risk, establishment of appropriate terms, and appropriate documentation to support Analysis and terms.
  • Submit referrals as required, including key account information and recommendations.
  • Provide recommendations for improvements to the underwriting risk evaluation approach.

Customer and Broker Relationships

  • Meet or exceed service standards to our broker partners.
  • Develop brokers regarding utilization of MEC’s value proposition.
  • Engage, persuade, and provide services to our customers that will meet their needs and assist in improving their workers’ compensation program.

Value Proposition

  • Consistently demonstrate knowledge and utilization of MEC’s value proposition and services.
  • Remain knowledgeable and up to date regarding MEC resources, services, and outcomes of recommended services.
  • Claims services.
  • Predictive analytics services.
  • Risk management services.
  • Demonstrate ability to identify services that would potentially be of most value to customers.

Qualifications:

  • Bachelor Degree or equivalent.
  • 5 years of underwriting experience.
  • Advanced underwriting knowledge and ability to evaluate workers’ compensation risks and determine the appropriate underwriting solution.
  • Advanced negotiation skills.
  • Advanced ability to use a consultative approach to persuade brokers and clients on the use of MEC services.
  • Ability to build trust and gain credibility with co-workers and business partners.
  • Ability to work in a team-oriented, collaborative environment.
  • Technically competent with Excel, Word, PowerPoint, and Operational systems.
  • Excellent listening, communication, and interpersonal skills.
  • Ability to communicate ideas in both technical and user-friendly language.
  • Highly self-motivated and directed.
  • Strong customer service orientation.
  • Advanced time management and follow-through skills.
  • Travel 20% or less.
  • Occasional evening and weekend work to meet deadlines.

The Company is an equal employment opportunity employer.

We do not accept any unsolicited resumes from external recruiting agencies or firms.

Job Type: Full-time

Pay: $70,000.00 - $130,000.00 per year

Benefits:

  • 401(k)
  • Dental insurance
  • Employee assistance program
  • Flexible spending account
  • Health insurance
  • Health savings account
  • Life insurance
  • Paid time off
  • Parental leave
  • Professional development assistance
  • Profit sharing
  • Vision insurance

Physical setting:

  • Office

Schedule:

  • Monday to Friday

Experience:

  • workers compensation underwriting: 3 years (Preferred)

Ability to Commute:

  • Chesterfield, MO 63017 (Required)

Work Location: In person

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Salary.com Estimation for Regional Underwriter in Chesterfield, MO
$71,174 to $94,272
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